You may have had someone tell you that you can stop foreclosure by declaring bankruptcy. If you get the notification from the lender that they’re going to foreclose on your home, all you have to do is file for Chapter 7 bankruptcy. You may have to liquidate some...
Month: June 2024
How and when to talk to your kids about bankruptcy
A personal bankruptcy filing might involve just one person. However, the financial struggles of one individual have a tendency to affect the circumstances of others. The finances of parents have a direct impact on the quality of life that children enjoy. If a parent...
Debt settlement versus filing for bankruptcy
If you are struggling with debt and there is no end to your financial challenges in sight, chances are good that you have two primary opportunities available to you: debt settlement and filing for bankruptcy. In order to better ensure that you can achieve the kind of...
2 unexpected benefits of filing for bankruptcy
Bankruptcy is a legal protection that helps people to take control of their finances by allowing them to use a process overseen by the court. Two types of bankruptcy are commonly used by consumers – Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, the person...